The private equity firm, which first purchased shares in the bank in November 2017, will exit its entire holding with Tuesday's stake sale, a source familiar with the matter told Reuters
The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years
Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the US
This comes after the direct shareholding of entities affiliated with Bain Capital in the bank came down below two per cent
More than 50 entities, largely comprising foreign funds, were among the buyers, including Societe Generale, Morgan Stanley, Goldman Sachs and UBS
Societe Generale, Goldman Sachs, UBS and Morgan Stanley were among the buyers of Axis Bank shares on Wednesday as Bain sold its stake, exchange data showed
Emcure, backed by private equity firm Bain Capital, has hired investment banks JP Morgan, Jefferies and Kotak for the IPO, and is targeting a valuation of about $3 billion
The mining conglomerate is simultaneously in discussions with bondholders to modify repayment timelines on a portion of the $3.2 billion bonds
Bain Capital sells 2.82% in L&T Finance
BENGALURU (Reuters) - Investment firm Bain Capital sold more than half its stake in non-banking financial company L&T Finance Holdings in two block deals, data from BSE India exchange showed on Tuesday.
Financial advisors for this transaction included O3 Capital, representing IndiaRF, and Unaprime Investment Advisors, advising Ivy
In the liquids category, the company plans to introduce new products in the water and ready-to-drink sectors
According to report, Tata Consumer looks at majority stake; Bain seeks 10 per cent stake
The API business has a presence across the US, Japan, Korea, EU, Brazil, and India
Ajit Prabhu, chairman and chief executive officer of Quest Global, will acquire an additional stake in the company
The total valuation of the Adani financial services business stands at Rs. 1,600 crore
Bain to invest Rs 1,000 cr more in company
The development is a result of Adani group's head Gautam Adani's decision to exit from non-core businesses and use this capital for his core ventures
The Adani Group is selling its shadow bank as it looks to realign its business interests and focus on preserving cash
Bain Capital is also interested in merging the two Vadilal entities and is valuing Vadilal's ice cream business at over Rs 3,000 crore ($363.11 million)